HFF secures $2.3 million refinancing for multi-housing property near University of Ohio State

LOS ANGELES, CA – HFF announced it has secured a $2.3 million refinancing for Somerset Square Apartments (top left photo), a 57-unit multi-housing property near The University of Ohio State in Columbus, Ohio.

                Working on behalf of 1751 Kenny, HFF placed the 10-year, 4.0 percent fixed-rate loan with Lincoln Financial Group.  Loan proceeds were used to refinance existing debt and place new long-term debt on the property.

Somerset Square Apartments is located at 1751 Kenny Road adjacent to the University and on the COTA bus line in Columbus.  Completed in 2002, the property is consistently 100 percent leased to primarily graduate students.

                The HFF team representing the borrower was led by director Chris Vittetoe (lower right photo).       

For a complete copy of the company’s news release, please contact:

KRISTEN M. MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com